- ISIN
- US4642865095
- CUSIP
- 464286509
- Issuer
- iShares
- Inception Date
- Mar 12, 1996
- Region
- North America (Canada)
- Category
- Canada Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Canada Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $6B
Share Price Chart
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Performance
EWC Performance Chart
iShares MSCI Canada ETF (EWC) is up 7.9% since the beginning of the year. EWC is currently trading at $58 per share. Investors who bought $1,000 worth of EWC shares 5 years ago would now be looking at an investment worth $1,706.
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Returns By Period
iShares MSCI Canada ETF (EWC) has returned 7.85% so far this year and 30.11% over the past 12 months. Over the last ten years, EWC has returned 11.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares MSCI Canada ETF
- 1D
- 0.03%
- 1M
- -0.59%
- YTD
- 7.85%
- 6M
- 7.37%
- 1Y
- 30.11%
- 3Y*
- 21.90%
- 5Y*
- 11.28%
- 10Y*
- 11.42%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EWC Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 1996, EWC's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +23.3%, while the worst month was Oct 2008 at -27.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, EWC closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +12.9%, while the worst single day was Mar 12, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | 6.86% | -5.50% | 6.95% | 0.36% | -1.10% | 7.85% | ||||||
| 2025 | 2.28% | 0.02% | -1.16% | 4.17% | 5.91% | 3.45% | -0.04% | 5.65% | 3.61% | 0.38% | 3.86% | 3.25% | 35.92% |
| 2024 | -0.90% | 1.16% | 4.11% | -3.55% | 3.63% | -2.15% | 4.93% | 4.03% | 2.54% | -2.14% | 6.45% | -5.58% | 12.38% |
| 2023 | 9.47% | -4.97% | 0.38% | 2.98% | -5.51% | 6.27% | 3.12% | -3.85% | -3.55% | -5.14% | 10.21% | 6.27% | 14.73% |
| 2022 | -0.62% | 0.08% | 5.21% | -7.86% | 2.11% | -10.32% | 4.84% | -4.59% | -8.70% | 7.38% | 6.54% | -5.63% | -12.95% |
| 2021 | -0.78% | 5.13% | 5.84% | 4.58% | 6.35% | -0.98% | 0.16% | 0.03% | -2.79% | 7.93% | -4.59% | 4.12% | 26.98% |
Benchmark Metrics
iShares MSCI Canada ETF has an annualized alpha of 2.88%, beta of 0.82, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since April 01, 1996.
- This ETF generated an annualized alpha of 2.88% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.88%
- Beta
- 0.82
- R²
- 0.50
- Upside Capture
- 104.29%
- Downside Capture
- 102.16%
Expense Ratio
EWC has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EWC ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Canada ETF (EWC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EWC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.78 | +0.77 |
| Martin ratioReturn relative to average drawdown | 14.40 | 12.44 | +1.96 |
Dividends
Dividend History
iShares MSCI Canada ETF provided a 1.30% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.78 | $0.90 | $0.83 | $0.77 | $0.71 | $0.64 | $0.65 | $0.63 | $0.58 | $0.46 | $0.50 |
Dividend yield | 1.30% | 1.45% | 2.23% | 2.27% | 2.34% | 1.85% | 2.09% | 2.16% | 2.65% | 1.97% | 1.75% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Canada ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.90 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.77 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Canada ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Canada ETF was 60.75%, occurring on Mar 9, 2009. Recovery took 524 trading sessions.
The current iShares MSCI Canada ETF drawdown is 2.18%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.75%Mar 2009 | 1y 4mo | 2y 27d | 3y 5moNov 2007 - Apr 2011 |
Dot-com crash2000–2002 | -51.72%Oct 2002 | 2y 1mo | 2y 26d | 4y 1moSep 2000 - Nov 2004 |
COVID crash2020 | -42.66%Mar 2020 | 1mo 2d | 8mo 9d | 9mo 11dFeb 2020 - Nov 2020 |
2016 bear market2016 | -41.37%Jan 2016 | 1y 4mo | 3y 10mo | 5y 2moSep 2014 - Nov 2019 |
1998 bear market1998 | -33.21%Oct 1998 | 5mo 14d | 1y 27d | 1y 6moApr 1998 - Oct 1999 |
Drawdown Indicators
| EWC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.75% | -56.78% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.10% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.97% | -18.90% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.81% | -25.43% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.66% | -33.92% | -8.74% |
Current DrawdownCurrent decline from peak | -2.18% | -1.80% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -10.71% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.03% | +0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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